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๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria /Economy & Trade

Champion Breweries Reaffirms Growth Momentum After Strong Q1 Performance

From ThisDay · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Named sources Approved/passed
  • Champion Breweries Plc held its 50th Annual General Meeting, where shareholders praised its strong financial growth and strategic expansion.
  • The company reported a 43% revenue increase to N29.80 billion and a 119% rise in Profit After Tax to N1.79 billion for the 2025 financial year.
  • Shareholders approved a dividend of 7 Kobo per share and noted the acquisition of a controlling interest in the Bullet brand portfolio.

Champion Breweries Plc celebrated its 50th Annual General Meeting, where shareholders lauded the company's robust financial performance and strategic initiatives. The meeting highlighted significant growth, improved profitability, successful capital market execution, and expansion efforts aimed at long-term value creation.

During the AGM, shareholders reviewed the audited financial statements for the year ending December 31, 2025, and received updates on a strong first quarter in 2026. The company's performance in 2025 saw revenue climb by 43% to N29.80 billion, while Profit After Tax surged by 119% to N1.79 billion. This growth reflects the success of its margin-led strategy.

Chairman of the Board, Mr. Imo-Abasi Jacob, described the past year as a pivotal phase, marking Champion Breweries' transition from recovery to a strong growth trajectory. He attributed this to enhanced profitability, disciplined operations, strategic capital raising, and expansion projects.

Shareholders also approved a dividend payment of 7 Kobo per share, underscoring the company's improved earnings and commitment to rewarding its investors. A key strategic move highlighted was the acquisition of a controlling interest in the Bullet brand portfolio, which the Board views as a transformative step toward diversifying revenue and entering higher-growth beverage categories.

The year under review represents a defining phase in the Companyโ€™s evolution, one in which Champion Breweries Plc transitioned from a position of recovery to one of measurable growth, strengthened profitability, and strategic repositioning.

โ€” Mr. Imo-Abasi JacobChairman of the Board of Directors, describing the company's recent performance and strategic shift.
DistantNews Editorial

Originally published by ThisDay in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.